The Finnish Growth Centres Require Half A Million New Apartments By 2030

28.01.2012

According to a survey conducted by VTT, the local municipalities within large cities attract inhabitants, creating a need to build approximately 480 000 – 550 000 apartments during the next 20 years.

The actual number of new apartments depends on how successfully Finland entices immigrants and how large of a portion of the existing apartment stock will cease to be inhabited.  On a yearly basis, this would mean that, between the years 2012-2020, 24 000 – 29 000 apartments would be build. During the 2020 - 2030, the number of build apartments would decrease slightly.

According to registration information, the immigration figures doubled between the years 1998-2008. On top of the registered immigrants, it is estimated that there are also 40 000 temporary foreign employees and 20 000 foreign students currently living in Finland.

This study confirms the fact that the need for apartments is greatest in the Helsinki region. Other regions that especially need buildings are Tampere, Turku, Lahti, Jyväskylä and Oulu. (Source: www.ymparisto.fi, 25.01.2012)

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